Which one of these items is closed to a zero balance


Problem

At the end of each accounting period, a company "closes the books." The balances in some accounts are left as they are and continue unchanged into the next accounting year. The balances of other accounts are set at zero. Which one of these items is closed to a zero balance at the end of each accounting period?

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Financial Accounting: Which one of these items is closed to a zero balance
Reference No:- TGS03316228

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